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Posted: Thu Jun 28, 2007 10:00 am Subject: Payday Help in Texas

Hi All,

I've been reading some of your information and wanted to see if you all could help me out of my payday loan nightmare!

I have 2 loans that I have had trouble paying back. They are as follows:

Ace America (storefront) $562
CheckNGo Online $662

The one with ACE was higher, but I let them intimidate me into paying $450 last payday and they expect me to pay the balance of $562 tomorrow. I just do not have the money to pay them and I don't know what to do! The person that called me was so rude, nasty and threatening.

Check&Go has tried to debit from my account unsuccessfully, but they are not bothering me too much at this point. I hate I ever got myself into this mess. It's too stressful and I'm tired of being late on everything else in order to try to keep these people happy.

Could you all please give me some suggestions as to what to do or how to talk with this people without being intimidated?

Also could you inform me on the rules in Texas.

Thanks & God Bless
Steph

Posted: Thu Jun 28, 2007 10:05 am Subject:

Posted: Thu Jun 28, 2007 10:10 am Subject:

I don't want to appear stupid, but how would I know if they're not following the law and how do I go about trying to get them to stop harrassing me and trying to set up a payment plan of some sorts?

Posted: Thu Jun 28, 2007 10:17 am Subject:

You would need to figure out how much they are charging you in interest. Also, are they allowing you to rollover the loans? Or do they make you pay it off in full each payday and then reloan?

Your checkngo online loan - Is it an installement loan or a payday loan? Meaning, do you have set "payments" for a ceratin time frame or are you supposed to pay it off each payday?

Posted: Thu Jun 28, 2007 10:18 am Subject:

And there are no stupid questions here. Laws are complicated, calculating interest is complicated. Ask anything you need more info or clarification on!

Posted: Thu Jun 28, 2007 10:25 am Subject:

The loan I have with Checkngo and not an installment loan it's a payday loan. I guess I just want to find a way to write them and Ace and try to work out the situation. I don't deny I owe them, I just can't pay them lump sum right now. I'm stressed and can't sleep for fear of what they might do.

Checkngo debited my account 3 times on the same day. I called the bank to stop payment, but from reading thru the forum it looks like I need to close ACH debits completely or close out my account.

The people from Ace are rude and kept saying they would "move forward" if I didn't pay them off. Of course they said I could pay them and then reapply, but I'm not going to fall for that. I just want to be done with all of this!!!

All my finances are suffering trying to take care of these loans. I just can't handle this anymore. They are such a ripoff.

Has anyone had any success with these two companies?

Posted: Thu Jun 28, 2007 10:36 am Subject:

Most places will tell you they won't accept payment plans, but they will. And usually. once you default, the fees stop.

You need to close the account. When you do that, ask your bank what their policy is on ach transactions going through on closed accounts. Some banks will force open the closed account and allow the transactions to go through. Then you end up owing the bank $1000's. If your bank does do this, tell them the whole situation, and ask them to put an ach block, deposit only, or a hard hold on the account before they close it. That will stop the pdl's from force opening the account.

You need to start taking care of the important things first. These are just loans. You can't go to jail, the worst that can happen is they take you to court and get a judgement. As long as they are recieving payments regularly, odds are against them doing so.

Just call them up and be honest. Things got out of control, and you can't handle it. You want to pay what you owe, but you need to set up more affordable payment plans.

Posted: Thu Jun 28, 2007 11:27 am Subject:

I've tried to call and be honest about my financial situation, but of course, they don't care.

Does anyone have an address of CheckNGo & ACE where I can write to them?

SG · Posted: Thu Jun 28, 2007 4:23 pm Subject: payment

Steph,
Each of these companies are nation wide and are reputible companies. I would recommend contacting the local centers that you established your loans with and work out a payment plan over your next 4 to 8 pay periods dependant upon what you can afford. I am assuming that these loans are in a returned status or written off status which means that you should not be accruing any additional fees beyond the return check fee that is allowed under state law. Take your current balance and figure out a payment you can and will make each pay period over the next 2 to 3 months and let them know what you can afford to pay and most importantly stick to the payments to get the items taken care of before they escalate this to a small claims action or garnishment. If the local centers are unwilling to work with you then I would contact their customer comment lines which each of these companies will have posted within their lobbies. This would put you in contact with their District Managers who will assist you in getting this resolved if the local centers will not. You can also get this contact (comment line) info off their company web sites.

Guest · Posted: Fri Jun 29, 2007 6:16 am Subject:

I have talked with each agency and they don't want to talk payment plans. Should I write them and send it registered mail? If so, where do I write them?

Posted: Fri Jun 29, 2007 7:09 am Subject:

I would talk SG advice above and try to get a hold of a manager. If you a really trying to make an attempt to clear up you debt, they should make an attempt to try to work with you.

I would try to get a number to a district manager, or some corporate numbers.

Once you get them to agree to your payment plan, get it in writing so they can't come back and say you aren't following the agreement. Also, be sure not to promise more then you can realistically afford. You don't want to default on the payment plan.

Posted: Fri Jun 29, 2007 7:58 am Subject: debt

SG some very good advice. Storefronts can be tricky to deal with. Kyside38

Posted: Mon Jul 02, 2007 8:08 am Subject:

Good Morning,

I just wanted to tell the latest information on my saga...

ACE is not willing to work with me at all. The lady is very rude and really won't let me get a word in edgewise. I told her I'd like to work with her and suggested paying $100 per pay day until it was paid. She said "no deal" and I needed to seek legal counsel. I sent ACE an email and certified letter on Friday. They are calling everyone they can think of to try and get a hold of my supervisor. I work on a military installation (I'm a civilian) and they are calling people in other parts of the base looking for my supervisor. They are relentless. Not sure what to do about them at this point. Any suggestions?

Checkngo debited my account on Friday for $229. I spoke with my bank this morning and they said they would reverse the debit and bank fees back to me and I could send in affidavits stating that I did not allow them to take out this debit. They also said I could close my account and they would reopen another for me. I sent CheckNGo and email, but does anyone have a physical address that I could send a letter certified to them to work out payment arrangements.

I had two other PDL's to paydayok and apple fast cash that are with this account. I was paying them okay, but I want to be done with them also. Does anyone have a physcial address for them so I could make arrangements with them?

What a nightmare!!! I could just kick myself for getting into this predicament.

Thanks,
Stephanie

Posted: Mon Jul 02, 2007 10:14 am Subject:

I'd appreciate any suggestions, PLEASE!!!

DML · Posted: Sun Dec 09, 2007 11:41 am Subject: CASH ZONE

Has anyone had a loan with cash zone in dallas texs that they could not pay back....i received a call from a man stated he was a loan enforcer and that if i did not garee to meet him within twenty fours hours he would take me jail for theft by check is this true

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